CYPHER/CAT A
IMMEDIATE DELHI
CONFIDENTIAL
UK Tarill file
TO FOREIGN AND COMMONWEALTH OFFICE
TELEGRAM NO. 1736
18 SEPTEMBER 1969
183
CONFIDENTIAL
ADDRESSED FCO 1736 OF 13 SEPTEMBER REPEATED WASHINGTON
AND KUALA LUMPUR.
ODM TELEGRAM MODEV 540.
VISIT OF MR P.C. SETH!.
1.
EIVED IN
Y Nɔ. 31
NKK 6/5X1/8
FINANCE MINISTRY INFORM US THAT THEY ARE CONSIDERING REVIVING
THE SUGGESTION THAT A PORTION OF 1.4.F. SPECIAL DRAWING
RIGHTS SHOULD BE CHANNELLED THROUGH THE WORLD BANK OR SOME
OTHER INTERNATIONAL BODY TO INCREASE THE FLOW OF FUNDS TO
THE LESS DEVELOPED COUNTRIES. NO DETAILS HAVE BEEN WORKED
OUT AND MR SETHI IS EXPECTED TO RAISE THE MATTER ONLY IN A
GENERAL AND INFORMAL WAY,
2A THERE HAS BEEN SOME PRESS SPECULATION THAT INDIA MAY
LOSE HER PERMANENT SEAT ON THE IMF BOARD AS A RESULT OF
THE QUOTAS REVISION. FINANCE MINISTRY ARE CONCERNED ABOUT
THIS AND FEEL THAT SOME METHOD SHOULD BE FOUND TO TAKE
ACCOUNT OF INDIAS INTEREST AS A LEADING DEVELOPING COUNTRY.
ONE POSSIBILITY MIGHT BE A SPECIAL INCREASE IN HER IMF
QUOTA, INDIAN REPRESENTATIVES WILL DO SOME PRELIMINARY
LOBBYING DURING THE FORTHCOMING MEETINGS IN BARBADOS
AND WASHINGTON, AND MR SETHI IS BEING BRIEFED TO RAISE THE
MATTER IN LONDON.
3. HE IS ALSO BEING BRIEFED TO EXPRESS CONCERN ABOUT
OUR DECISION TO IMPOSE A TARIFF ON COTTON TEXTILES.
FCO PLEASE PASS ADVANCE COPIES TO ODN, TREASURY AND
BOARD OF TRADE,
ECO PLEASE PASS ROUTINE TO WASHINGTON AND KUALA LUMPUR.
SIR M. JAMES
/ADVANCE COPIES SENT AS REQUESTED/
/REPEATED AS REQUESTED/
OVERSEAS DEVELOPMENT DISTRIBUTION
ADVANCE COPIES SENT
SOUTH ASIAN DEPT.
CONFIDENTIAL